Komori reports mixed Q1 results with profit growth

Komori Corporation's operating profit rose to 5 billion yen from 4 billion yen in the first quarter, while ordinary profit fell to 6 billion yen from 11 billion yen.

Net sales declined to 225 billion yen from 243 billion yen. Total order intake dropped significantly to 270 billion yen from 456 billion yen, partly due to deferred security press orders.

The company forecasts full-year sales of 1,245 billion yen and operating profit of 91 billion yen.